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portada Troubled Times: U. S. -Japan Trade Relations in the 1990S
Type
Physical Book
Publisher
Author
Year
1999
Language
English
Pages
321
Format
Paperback
Weight
1.10
ISBN
0815752679
ISBN13
9780815752677
Categories

Troubled Times: U. S. -Japan Trade Relations in the 1990S

Edward J. Lincoln (Author) · Brookings Institution Press · Paperback

Troubled Times: U. S. -Japan Trade Relations in the 1990S - Edward J. Lincoln

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Synopsis "Troubled Times: U. S. -Japan Trade Relations in the 1990S "

In this book, Edward J. Lincoln tackles the thorny issue of U.S. trade relations with Japan, the subject of so much tension in the 1990s. In so doing, he builds on his earlier Brookings book, Japan's Unequal Trade. Lincoln argues that statistical evidence shows only modest progress in diminishing Japan's "distinctiveness." Despite an upturn in the mid-1990s, import penetration, intra-industry trade, and inward foreign direct investment all remain low relative to most other nations. High profile negotiating efforts by both the Bush and Clinton administrations made progress in chipping away at protectionist barriers but fundamental problems remain. While Lincoln offers suggestions on what needs to be done by both sides, the most important lesson drawn from recent experience is that expectations should be lowered. Any feasible approach to making markets more open in Japan is likely to yield slow progress. Such realism--not to be confused with defeatism--is the only approach that has any chance of realizing gains over time.

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